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Scientists try to find out the truth about our world. Judges in a court of law try to find out the truth about the target events in the indictment. What are the similarities, and what are the differences, in the procedures that govern the search for truth in these two systems? In particular, why...
Persistent link: https://www.econbiz.de/10008493946
We characterize the incentive compatible, constrained efficient policy ("second-best") in a dynamic matching environment, where impatient, privately informed agents arrive over time, and where the designer gradually learns about the distribution of agents' values. We also derive conditions on...
Persistent link: https://www.econbiz.de/10008493947
A basic model of commitment is to convert a two-player game in strategic form to a leadership game with the same payoffs, where one player, the leader, commits to a strategy, to which the second player always chooses a best reply. This paper studies such leadership games for games with convex...
Persistent link: https://www.econbiz.de/10008469392
Infinite sequential games, in which Nature chooses a Borel winning set and reveals it to one of the players, do not necessarily have a value if Nature has 3 or more choices. The value does exist if Nature has 2 choices. The value also does not necessarily exist if Nature chooses from 2 Borel...
Persistent link: https://www.econbiz.de/10008469393
Persistent link: https://www.econbiz.de/10004988905
The variation of a martingale m[k] of k+1 probability measures p(0),...,p(k) on a finite (or countable) set X is the expectation of the sum of ||p(t)-p(t-1)|| (the L one norm of the martingale differences p(t)-p(t-1)), and is denoted V(m[k]). It is shown that V(m[k]) is less than or equal to the...
Persistent link: https://www.econbiz.de/10004988906
The subset agreement problem generalizes all forms of two-sided matching. Two agents need to agree on some subset of a given finite set of contracts. A solution concept - agreement - generalizes the notion of a stable subset. Its definition does not require the consideration of a preference...
Persistent link: https://www.econbiz.de/10004988907
In this study, coordinated breathing was studied in 13 common bottlenose dolphins because of its links with spontaneous coordinated behaviors (e.g., swimming, foraging, and playing). A strong link was shown between dyadic coordination levels and age/sex categories when both association patterns...
Persistent link: https://www.econbiz.de/10004988908
The secretary problem for selecting one item so as to minimize its expected rank, based on observing the relative ranks only, is revisited. A simple suboptimal rule, which performs almost as well as the optimal rule, is given. The rule stops with the smallest i such that Ri = ic/(n + 1 - i) for...
Persistent link: https://www.econbiz.de/10004988909
Cooperation poses theoretical problems because the behaviors of individuals can benefit others. Evolutionary and game-theory explanations that focus on maximizing one's own material outcomes are usually supported by experimental models with isolated and anonymous subjects. Cooperation in the...
Persistent link: https://www.econbiz.de/10004988910